Current Affairs Current Affairs May 2018

  YES Bank and YES Global Institute have launched Agenda 25×25, which pledges to create a synergetic startup environment for budding women entrepreneurs in India. The effort would ensure that by 2025 at least 25% of all entrepreneurs in India are women. The bank made the announcement at the YES Bank – YES Global Institute Annual Startup Conclave hosted in partnership with NITI Aayog, Invest India, Startup India and Atal Innovation Mission.  The study outlines Agenda 25×25 and the need to build a 10 Step Developmental Model focused on empowering women innovators.
Source- The Hindu Business Line

 Indian Under-16 National Team was crowned champions of the Four-Nation Tournament held in Serbia after the Indian Colts defeated Tajikistan. In what was a stellar start for the Indian U-16s against Tajikistan, the young colts took the lead as early as the 5th minute when Gibson lobbed the ball over the opposing custodian. India tripled their lead in the 9th minute when Shabaj slotted the ball home to make the scoreline read 3-0 in less than ten minutes.
Source- DD News

 Indian shooter Heena Sidhu clinched the gold medal while compatriot P Shri Nivetha settled for bronze in the women's 10m air pistol at the International Shooting Competitions of Hannover (ISCH), in Germany. She won the tie to win the gold ahead of  France's Mathilde Lamolle. While Shri Nivetha finished on 219.2. The ISSF Munich World Cup will be held from May 22 to 29 and will be Heena's second major competition after her twin medal success at the Commonwealth Games in Gold Coast and the World Cup in Korea.
Source- DD News

  India emerged as the third largest solar market in the world in 2017 behind China and the US, according to the report of Mercom Communications India. India has grown at a CAGR of approximately 170% since 2010. As per the report, India set a new record with 9.6 GW of solar installations in 2017, which was more than double the 4.3 GW installed in 2016. The robust growth boosted the country's total solar installed capacity to 19.6 GW as of December 2017.
Source- DD News

 The actor Margot Kidder, best known for playing Lois Lane in the Superman films in the 1970s and 1980s,has died at the age of 69, a funeral home in Montana, US. Canadian-born Kidder also appeared in the movie The Great Waldo Pepper and the 2014 children’s TV series R.L. Stine’s The Haunting Hour, for which she won an Emmy award.
Source- Irish Times

   IIM-Ahmedabad’s Centre for Innovation, Incubation and Entrepreneurship (CIIE) has launched a Bharat Inclusion Initiative to build knowledge and foster innovation and entrepreneurial activity across areas such as financial inclusion, livelihood, education and health. CIIE at IIM Ahmedabad helps entrepreneurs turn ideas into viable businesses. The initiative will aim at channelizing approximately $25 million over the next 3-4 years towards backing game-changing start-ups, leveraging the ongoing digital transformation in India, to create access to services that were hitherto inaccessible for a large segment of Indians.
Source- The Hindu
 

  President Ram Nath Kovind has inaugurated the 4th edition of Global Exhibition on services in Mumbai. He has also released the logo for Services and launched the portal.  25 Indian states and around 100 countries are expected to participate in Global Exhibition on Services, this year, with 625 exhibitors and 500 overseas delegates.
Source- Press Information Bureau (PIB)
 

   The states of Himachal Pradesh, Jammu and Kashmir, Haryana and Uttarakhand agreed to implement the ambitious national health protection mission, which aims to provide an annual coverage of Rs 5 lakh per family. The four states and the Union Territory of Chandigarh inked MoUs with the Union Health Ministry for the implementation of Ayushman Bharat-Pradhan Mantri Rashtriya Swasthya Suraksha Mission.   Union Health Minister J P Nadda presided over the MoU signing ceremony at a regional workshop for northern states in Shimla, Himachal Pradesh.
  • PMSSY was announced in  2003.
  • Jagat Prakash Nadda is a member of Rajya Sabha from Himachal Pradesh.
Source- DD News

  The government has approved the merger of the local unit of Norway’s Telenor with Bharti Airtel, clearing the last hurdle for the deal to go through. The Department of Telecom (DoT) had transferred all licences and liabilities of Telenor India to Bharti Airtel.  Airtel will begin integrating Telenor India’s operations across seven circles- Andhra Pradesh, Bihar, Maharashtra, Gujarat, UP (East), UP (West) and Assam.
Source- The Hindu

 The first month of the current financial year has brought some bad news on the inflation front with both retail (Consumer Price Index or CPI) and producer (Wholesale Price Index or WPI) inflation showing a surge raising the possibility of a policy rate hike by the Reserve Bank in the near future. A statement issued by the Ministry of Statistics and Programme Implementation revealed that an increase in fruit and vegetable prices, coupled with egg prices, has pushed CPI to 4.58 percent in April, from 4.28 percent in March. The Consumer Food Price Index, however, was a tad lower at 2.8 percent in April, from 2.81 percent in March. The latest number has put a break on the slide in CPI since January this year.
Source- The Hindu Business Line


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